1.the statement other things being equal has no effect in the study of economics phenomenon and therefore can be ignored. true/false. explain
2.A straight line demand curve has the same elasticity at each point on the curve. true/false explain
3.A producers positively sloped supply curve for a commodity in one sense a maximum and another sense a minimum boundary of the producers intentions. true/false explain
1.the statement, other things being equal, does not affect the study of the economic phenomenon and, therefore, can be ignored. Truth. Only factors influencing the studied fact are considered.
2. A straight demand curve has the same elasticity at every point on the curve. False.
3. Producers have a positive slope of the product supply curve, in one sense the maximum, and in the other - the minimum boundary of the intentions of producers. truth. Explained by the difference in prices.
Comments
Very good
Leave a comment